Human Resource Management Essay

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STRATEGIC HUMAN RESOURCES MANAGEMENT Total number of pages : 15 excluding cover page Question 1 Select an organization that you are familiar with and assume that you are the VP of HR of this company. This company has recently conducted a SWOT analysis (according to the strategy formulation model presented in the textbook and in class). In a memo to the CEO of the company, please summarize the strengths, weaknesses, opportunities and threats currently facing this company, and identify the HR implications arising from these strengths, weaknesses, opportunities and threats. _________________________________________________________________ Company Confidential Internal Memo To : The Chief Executive Officer From : VP, HRM Re : SWOT analysis on the company and its HR implications Date : 26th May 2002 Dear Sir, In order to realize the company’s vision and goals, my department has performed a SWOT analysis on the company and has identified some key HR implications arising from these strengths, weaknesses, opportunities and threats. Strength: ▪ The company has very experienced team of R&D engineers. This is its key competitive edge. This is important, as the company needs to develop new and innovative products to compete in the highly competitive technology market. ▪ The company is very well funded and this is one of the critical success factors for it to sustain market dynamics and win competition ▪ The market sees the company’s products as special and innovative. Thus, it is able to create a market sensation every time a new product is introduced. ▪ Its key management staffs are very committed to the company and most of them are well-trained technocrats Weakness: ▪ The company is very much a product-driven company

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